Teasers are the most common variant of parlay wager that sportsbooks offer. They allow parlay bettors to mitigate some of the risk that they normally face.
- A teaser bet is a bit of a parlay bet, which allows players to reduce their risk. A teaser bet offers the opportunity to bet on point spreads or game totals, and then “tease” or adjust the line to give them a better chance of winning. Of course, their chances to win come at a cost? Which is reduced odds.
- On a 5 ½ point teaser with three teams you bet $100 to win $180. Skip this section if you're allergic to math, but it's good to understand how the math works and what you need to become profitable betting teasers. Normal bets with the spread require a bet of 110 to win 100.
Colorado is soon to become a friendly state for both online and retail sports betting. So, it’s a good idea for new sports bettors in the Centennial State to have an understanding about what this quirky bet is.
Teasers are bets in which 2 to 8 teams are selected together in one wager with an adjusted point spread. In a teaser bet you can add points to the sides or mix both sides and totals adding or subtracting to the totals. If one selection loses the teaser is considered a loss. Example: 2 team teaser 5pts for $100.
How teasers work
In terms of their structure, teasers are identical to parlaywagers. The only thing separating them is a purposeful adjustment of the odds involved.
So, in a teaser, you will combine several wagers into a single bet. Rather than handle each wager individually, the sportsbook will quote you a combined odds payout, just like in parlays.
However, a teaser allows you to shift the sportsbook’s published estimate in your favor. Thus, the chances of a wrong selection decrease.
Teasers usually only apply to point spread and totals (over/under) bets. Adjusting the moneyline is too complicated to work for a teaser.
Teasers are almost always reserved for basketball games, football games, or a combination of the two sports. Adjustments in games with lower scores and lesser expertise is simply not a strategy that most sportsbooks want to undertake.
Why bet on a teaser?
All parlays, including teasers, are risky business. The reason for the high risk is simple, in that every selection, or “leg,” of a parlay must prove correct if a bettor is to be paid.
So, a parlay bettor could wager correctly on 14 straight games, then watch everything fall apart because the 15th selection missed covering by a point. As remarkable as the bettor’s run had been to that point, they would still get the same loss of money.
So, a teaser allows parlay betting but gives each leg a bit more room to breathe. As you put a teaser together, you select a certain number of points to adjust each bet in your favor.
Usually, this adjustment accounts for a 4 – 10 point swing in the spread or over/under. You must apply the same change to all legs across the board, but it will always be to your benefit.
After the shift, each leg will have a shorter distance to climb in order to prove a successful prediction. Thus, the risk of catastrophe decreases dramatically in a teaser.
What’s the catch?
Of course, there are a couple of caveats to teaser bets. The first is that you have to pay for the privilege of reducing the risk.
So, while it is much easier to tease a parlay successfully, it will also pay far less than a standard parlay. Depending on the amount of the adjustment, you could shorten your payout potential to a single percentage of the original parlay payout.
The other catch is that the chance for disaster is still there, and the possibility of losing it all remains in play. Even with a shifted spread or total, a lackluster prediction could spell the end for a parlay bettor, regardless of the variant.
Real world examples of teasers
All this talk of teasers in the abstract might still be a bit difficult to grasp. So, we’re going to give you a few examples of real-world teasers.
These are actual wagers that were available on FanDuel Colorado Sportsbook at one time. The main thing to observe is the discrepancy between the odds of a teaser and a parlay. In every case, we wagered (hypothetically) $100 on the teaser.
2-Team Teaser (NBA)
- Bet 1: Los Angeles Clippers vs. Boston Celtics – LA Point Spread +2 @ -110
- Bet 2: Oklahoma City Thunder vs. New Orleans Pelicans – OVER 234 @ -110
Standard Parlay
Odds: +264
Profit potential: $264.46
Teaser +4
Odds: -110
Profit potential: $90.91
Teaser +4.5
Odds: -120
Profit potential: $83.33
Teaser +5
Odds: -130
Profit potential: $76.92
Comment: Our examples are from basketball. Here, we chose two bets that are both favorites, at least individually. However, as is often the case, you can see that a straight parlay with these choices is still between 2 and 3 to 1 against. The chance of one thing going wrong ruins any security a player might have.
However, all three teaser options give equal or better odds than making individual wagers. Adjusting the spreads or totals by so many points when all else is so equal means that there’s quite a bit of room for error. So, in some cases, a teaser might be able to produce a rather safe overall option. You’ll just have to decide if that’s what you’re after.
5-Team Teaser (College Basketball)
- Bet 1: College of Charleston vs. Hofstra – COC Point Spread +4.5 @ -110
- Bet 2: Memphis vs. Cincinnati – OVER 138 @ -115
- Bet 3: Wichita State vs. Central Florida – UNDER 134 @ -105
- Bet 4: Marshall vs. University of Texas – San Antonio – OVER 163 @ -115
- Bet 5: Arizona vs. California – ARI Point Spread -10 @ -110
Standard Parlay
Odds: +2387
Profit potential: $2387.13
Teaser +4
Odds: +400
Profit potential: $400
Teaser +4.5
Odds: +350
Profit potential: $350
Teaser +5
Odds: +300
Profit potential: $300
Comment: In this example, the only significant change is the number of legs in the teaser. In fact, there are some odds in these individual bets that are indicative of teams or outcomes that are even more heavily favored. However, as is the case with standard parlays, it is more difficult to win as the number of legs increases. So, a standard parlay with these options is almost a 24:1 underdog.
The teasers aren’t quite so bad, and feature odds between 6 and 8 times shorter than the straight parlay. They’re still longshots, however, so don’t go into them with the expectation of a win. At best, the +5 teaser offers you the option of a 3:1 disadvantage. In other words, you’ll only win that bet 1 out of 4 times. Still, a tripling of profit is a terrific outcome, so it might be worth the risk.
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The evil twin of teasers
As it turns out, sportsbooks will sometimes offer a wager that is the exact opposite of a teaser. This bet is known as a pleaser.
So, instead of the bettor gaining an advantage in the wager, the sportsbook receives points back. Pleasers have the effect of increasing the risk of failure from a standard parlay.
The notion of taking an already-risky wager like a parlay and lengthening the odds might seem insane on its face. However, the appeal of a pleaser comes from the payout that comes with it.
Where a teaser offers better odds but reduced payouts, a pleaser offers worse odds but better payouts. So, for a bettor who wants to take a shot at a truly outsized score, the pleaser might be exactly what they want.
Pleasers are less-common than teasers, however. It’s not clear why they are less likely to be offered, but if we had to guess, it’s that the sportsbooks already have plenty going in their favor before you spot them any extra points.
Still, if you happen to see an opportunity for a pleaser, and you have some money that you don’t care if you lose, it could be a great opportunity to multiply your stake by several times. Like Dirty Harry might say, it boils down to whether or not you feel lucky.
A teaser (or a 'two-team teaser') is a type of gambling bet that allows the bettor to combine his bets on two different games.[1] The bettor can adjust the point spreads for the two games, but realizes a lower return on the bets in the event of a win.
A teaser is a type of wager used in sports betting, most commonly in basketball and football. This wager is a multi-team wager, allowing the bettor to choose a minimum of two teams up to, in some cases, 15 teams. The bettor will get points on his favor to add or subtract to the teams chosen to improve the point spread chosen.
There are two types of teasers. The first kind, known as a 'Super Teaser,' 'Special Teaser,' 'Big Teaser,' or 'Monster Teaser, ' allows the bettor to choose three, four, or in some cases five teams, and gives a larger number of points to add or subtract to the spread of the selections chosen. In return, the bettor will receive less money than the one risked in the bet.
The second type of teaser, known as a 'Vegas Teaser,' or simply a 'Teaser,' is more of a combination between a parlay and the first teaser explained. In this case, the bettor will receive fewer points to adjust the spread of the selections chosen, but the more teams chosen in the wager (from two to 15 in some cases), the higher the payout will be.
Example[edit]
Super Bowl XLV: Pittsburgh vs. Free spins no deposit usa. Green Bay
Normally, if these bets are played together as a parlay, a bettor will win $260 on a $100 bet. However, with a teaser, the bettor will win $100 on a $110 bet, 10 to 11 odds. The reasoning is that one will get 6 points to adjust the spread (in either direction).
If one bets on Pittsburgh, a +2.5 underdog, they are now +8.5 underdogs (+2.5 + 6).
If one bets on Green Bay, a -2.5 favorite, they now become +3.5 underdogs (-2.5 + 6).
Bet on the over and the line is 39.5 (45.5 - 6).
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Bet on the under and the line is 51.5 (45.5 + 6).
Many bettors like the teaser bet because it gives the bettor more cushion, but like a parlay, one must hit all aspects of the bet to win.There is still debate among experienced sports bettors if teasers are good wagers or not. Opinions vary on the subject, with some believing they are poor option, while others believe they are worthwhile, especially as more games tend to fall close to the point spread.[1]
Many sportsbooks also offer teaser cards (similar to parlay cards). In most cases, teasers must involve 3 or more teams, and spreads and totals have half points to avoid ties. Cards are usually printed in the morning (Every Wednesday morning for football) and the lines on the cards are fixed, though the book reserves the right to take the games off the board.
See also[edit]
References[edit]
Teaser Bet Odds
- ^ abMoody, Allen. 'Sports Betting - How to Bet Teasers'. Archived from the original on 2008-09-30. Retrieved 2018-06-26.